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Forex: EUR/USD breaks above 1.2950 after better than expectec ZEW survey

FXstreet.com (Barcelona) ? The Euro has broken above the range it has been trading for the last hours. Rebound on 1.2900 support level has extended above 1.2950 after German Zew Institute released a far better then expected economic expectations index in Germany, and The Euro rocketed to 1.2990/1.30 resistance level.In case of breaking above 1.2990/1.3000, next resistance level could lie at 1.3020, and above here, probably 1.3070. On the downside, back below 1.2950, the Euro could find support at intra-day

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Canadian Dollar Remains Directionless

USD/CAD was unable to sustain its gains from earlier this morning, but still remains firmly in its range.The cross continues to trade with support at 1.24 CAD and resistance at 1.26 CAD.According to some currency strategists, the rise in oil prices could be helping to support the loonie, but markets are currently looking a little directionless. USD/CAD is up one cent to 1.2524 CAD.George Androulidakis, currency strategist at the National Bank of Canada, said he is not

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Forex: EUR/USD: Euro fails to rise above 1.3035, remains in range

FXstreet.com (Barcelona) ? EUR/USD attempt to recovery was not strong enough, and the Euro has turned downwards after testing 1.3035 resistance level. After yesterday?s 150 pip decline, the Euro continues consolidating in the area between 12985 and 1.3035.Support levels stand at 12985, and below here next support levels could lie 1.2950/45 and 1.2920. On the upside, next resistance level lies at the 1.3035/50 area, and once above here, the Euro might find resistance at 1.3085 and 1.3160.EUR/GBP has found

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USD/CHF - Va tester le support des 1.0140

1.0166 - Le cross va tester le support des 1.0140. En cas de cassure, il pourrait rejoindre le second support à 1.0100. View the full article

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Forex: EUR/USD: Euro bottomed at 1.3210 and approaches 1.3275 level

FXstreet.com (Barcelona) - Decline from 1.3385 high yesterday has bottomed at 1.3210 support level and the EUR/USD has been moving on a range from the mentioned support to 1.3260 during today?s Asian session, to rise towards 1.3270 resistance ahead of the European opening.If the Euro breaks resistance level at 1.3275/85, next resistances could be located at 1.3295, and above there 1.3345 (Apr 29 high). On the downside, support levels stand at 1.3210, and below there, 1.3190 (Apr 3?0 low) and

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Forex: EUR/USD: Euro, testing 1.3400 support

!--TITOL: h1Forex: EUR/USD: Euro, testing 1.3400 supportFITITOL--FXstreet.com (Barcelona) ? The Euro is testing intra-day support at 1.3400/1.3390 area after having declined from intra-day highs at 1.3430, the pair is moving sideways between these two levels in the European session, ahead of the Non-Farm Payrolls report.br /br /According to Tim Salem, the Euro is going through a horizontal range of congestion: ?Price remains within a larger Horizontal Range of Congestion anchored by 1.4953 Daily Dynamic Support and 1.5155 Daily Static Resistance,

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Japanese Yen Faces Hurdles from G7 Meeting, GDP Data

(CEP News) - The Japanese yen has shown some modest stability in the last few weeks, but strategists say that could come to an end as some major events could add volatility to currency markets.USD/YEN has traded in a fairly stable range with support at 87.12 JPY and resistance at 92.42 JPY. The cross is currently in the middle of the channel, trading at 90.41 JPY.The first hurdle for the yen will come on Friday, when G7 members meet in

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Forex EUR/USD : En consolidation dans le range 1.5552/1.5610.

1.5564 - Suite à la publication hier à 16h de l’indice de confiance des consommateurs, le dollar s’est renforcé face à l’euro. Son cours de consolide actuellement dans le range 1.5552/15600. Un test du support à 1.5510 est envisagé.View the full article

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Forex: USD/CHF falls to test 1.1520 support level

FXstreet.com (Barcelona) - After testing the 1.1600 resistance level, the USD/CHF has fallen around 80 pips to the 1.1520 level. Currently the pair is trading around 1.25/35 after falling 0.30% so far today.According to Valeria Bednarik, FXstreet.com collaborator, USD/CHF is in a downside trend: Breaking the range to the downside, indicators support further downside in the pair, under 1.1500 zone. Price is under 20 SMA that is quickly turning down while Momentum and RSI support the view. Pair needs to

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USD/CHF - Test du support des 1.0170

1.0162 - Le cours continue sa phase de repli. Il teste en ce moment le support des 1.0170. Si ce dernier est cassé, le cours pourrait descendre sur les 1.0060. En cas de rebond, le cross repartirait vers les 1.0300.View the full article

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